Retirement of director Clover Industries Limited (Incorporated in the Republic of South Africa) (Registration number 2003/030429/06) Ordinary Share code: CLR NSX Ordinary Share code: CLN ISIN No: ZAE000152377 (“Clover” or “the Company” or “the Group”) RETIREMENT OF DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Dr Christiaan Philippus Lerm (59), the Company’s Executive: Brands and Marketing, will retire as an executive director of the Company with effect from 30 June 2016. Dr Lerm joined Clover in 1991 and has held numerous executive positions during his tenure at the Company, including Executive: Marketing and Production and as Chief Operating Officer of Clover Beverages Limited. Chris has been discussing his early retirement from corporate life since the Company’s successful listing in December 2010 and as such his responsibilities will be transferred to a suitable external candidate to be appointed in due course. It is anticipated that this appointment will be at a senior managerial level (below executive level) reporting directly to the Chief Executive. The board of directors extends its sincere thanks to Chris for his valuable contribution to Clover for over a quarter of a century, and wishes him well in his retirement. Dr Lerm's executive directorship position on the Board of Directors of the Company will not be filled at this point in time. Johannesburg 19 January 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 19/01/2016 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.